Econ Vocab Question Preview (ID: 60991)


Econ Vocab Review. TEACHERS: click here for quick copy question ID numbers.

Any money a person receives for goods, services, or investments
a) Entrepernuer
b) Producer
c) Scarcity
d) Income

A person who organizes and manages a business usually with a lot of risk
a) Product
b) Entrepreneur
c) Currency
d) Consumer

When supply is less than demand
a) Economics
b) Tariff
c) Consumer
d) Scarcity

A law or policy that limits international trade
a) Trade Barrier
b) Surplus
c) Import
d) Quota

To ship out goods and services to another country
a) Surplus
b) Import
c) Economics
d) Export

To block trade
a) Credit
b) Embargo
c) Supply
d) Trade Barrier

A person or group who makes goods and services
a) Consumer
b) Producer
c) Investment
d) Embargo

Trusting a buyer by giving the goods or services without immediate payment with the intention to pay later
a) Credit
b) Import
c) Embargo
d) Trade Barrier

The amount of something available
a) Income
b) Product
c) Supply
d) Investment

Putting currency into something the the intention of gaining currency over time
a) Entrepreneur
b) Import
c) Economics
d) Investment

The specific number of goods that need to be created, sold, imported, or exported
a) Expense
b) Quota
c) Economics
d) Surplus

A good or service created and made available by a company
a) Tariff
b) Quota
c) Product
d) Currency

Something used to pay for a good or service
a) Expense
b) Economics
c) Currency
d) Supply

A person or group who use goods or services
a) Export
b) Entrepreneur
c) Consumer
d) Income

The amount left over after demand is met
a) Economics
b) Product
c) Supply
d) Surplus

The study of how people meet their wants and needs
a) Economics
b) Expense
c) Scarcity
d) Quota

A tax on an imported good
a) Surplus
b) Currency
c) Tariff
d) Embargo

A good or services coming into a country from another
a) Import
b) Export
c) Supply
d) Credit

A cost associated with running a business or for goods and services
a) Credit
b) Income
c) Expense
d) Investment

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 60991 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links